Market Chatter: US Lawmakers Seek to Break Up Pharmacy-Benefit Managers

MT Newswires Live

Dec 11, 2024

A Senate bill sponsored by Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo. that is set to be introduced would force companies that own health insurers or pharmacy-benefit managers, also known as PBMs, to divest their pharmacy businesses within three years, The Wall Street Journal reported Wednesday.

A companion bill is also set to be introduced Wednesday in the House, the Journal said.

The three largest PBMs -- CVS Health's (CVS) Caremark, Cigna's (CI) Express Scripts and UnitedHealth Group's (UNH) OptumRX -- belong to companies owning some of the nation's largest health insurers, according to the report.

CVS, Cigna and UnitedHealth did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo. that is set to be introduced would force companies that own health insurers or pharmacy-benefit managers, also known as PBMs, to divest their pharmacy businesses within three years, The Wall Street Journal reported Wednesday.</p><p>A companion bill is also set to be introduced Wednesday in the House, the Journal said.</p><p>The three largest PBMs -- CVS Health's (CVS) Caremark, Cigna's (CI) Express Scripts and UnitedHealth Group's (UNH) OptumRX -- belong to companies owning some of the nation's largest health insurers, according to the report.</p><p>CVS, Cigna and UnitedHealth did not immediately reply to requests for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203347892.USD","symbol_name":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490857563","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490857563","pubTimestamp":1733924632,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"A Senate bill sponsored by Sens. 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